This product provides for loss or damage and theft to your goods whilst in transit or during loading or unloading. There are two types of cover;
Restricted cover
● Fire
● Accidental Damage caused by collision or overturning of the carrying vehicle(s)
● Theft by violence or any attempt thereat.
All Risk Cover
This covers the properties independent of whatever happens to the conveying vehicle.
Added Benefit
The policy could be arranged under either:
Single Transit Cover
That is, each transit is treated separately meaning a new arrangement must be entered into on each occasion of goods movement.
Open Cover
That cover is provided at the beginning of the year and only declaration of what is carried and the value would be given to the Underwriter from time to time. This arrangement provides for automatic cover throughout the year.